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Side-by-side financial comparison of UNITED FIRE GROUP INC (UFCS) and Warner Music Group Corp. (WMG). Click either name above to swap in a different company.

UNITED FIRE GROUP INC is the larger business by last-quarter revenue ($365.8M vs $353.0M, roughly 1.0× Warner Music Group Corp.). On growth, Warner Music Group Corp. posted the faster year-over-year revenue change (16.7% vs 9.8%). Over the past eight quarters, UNITED FIRE GROUP INC's revenue compounded faster (11.2% CAGR vs -52.3%).

The United Fruit Company was an American multinational corporation that traded in tropical fruit grown on Latin American plantations and sold in the United States and Europe. The company was formed in 1899 from the merger of the Boston Fruit Company with Minor C. Keith's banana-trading enterprises. It flourished in the early and mid-20th century, and it came to control vast territories and transportation networks in Central America, the Caribbean coast of Colombia, and the West Indies. Althou...

Warner Music Group Corp., commonly abbreviated as WMG, is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the "Big Three" recording companies and the third-largest in the global music industry, after Universal Music Group and Sony Music Entertainment.

UFCS vs WMG — Head-to-Head

Bigger by revenue
UFCS
UFCS
1.0× larger
UFCS
$365.8M
$353.0M
WMG
Growing faster (revenue YoY)
WMG
WMG
+6.9% gap
WMG
16.7%
9.8%
UFCS
Faster 2-yr revenue CAGR
UFCS
UFCS
Annualised
UFCS
11.2%
-52.3%
WMG

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
UFCS
UFCS
WMG
WMG
Revenue
$365.8M
$353.0M
Net Profit
$181.0M
Gross Margin
363.5%
Operating Margin
13.2%
74.8%
Net Margin
51.3%
Revenue YoY
9.8%
16.7%
Net Profit YoY
402.8%
EPS (diluted)
$1.45

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
UFCS
UFCS
WMG
WMG
Q1 26
$353.0M
Q4 25
$365.8M
$1.8B
Q3 25
$354.0M
$1.9B
Q2 25
$335.5M
$1.7B
Q1 25
$331.1M
$1.5B
Q4 24
$333.2M
$1.7B
Q3 24
$323.0M
$1.6B
Q2 24
$301.2M
$1.6B
Net Profit
UFCS
UFCS
WMG
WMG
Q1 26
$181.0M
Q4 25
$176.0M
Q3 25
$39.2M
$109.0M
Q2 25
$22.9M
$-16.0M
Q1 25
$17.7M
$36.0M
Q4 24
$236.0M
Q3 24
$19.7M
$41.0M
Q2 24
$-2.7M
$139.0M
Gross Margin
UFCS
UFCS
WMG
WMG
Q1 26
363.5%
Q4 25
46.4%
Q3 25
44.6%
Q2 25
45.9%
Q1 25
46.7%
Q4 24
46.3%
Q3 24
47.6%
Q2 24
46.6%
Operating Margin
UFCS
UFCS
WMG
WMG
Q1 26
74.8%
Q4 25
13.2%
15.7%
Q3 25
13.7%
7.7%
Q2 25
8.7%
10.0%
Q1 25
6.6%
11.3%
Q4 24
11.9%
12.8%
Q3 24
7.7%
8.8%
Q2 24
-1.3%
13.3%
Net Margin
UFCS
UFCS
WMG
WMG
Q1 26
51.3%
Q4 25
9.6%
Q3 25
11.1%
5.8%
Q2 25
6.8%
-0.9%
Q1 25
5.3%
2.4%
Q4 24
14.2%
Q3 24
6.1%
2.5%
Q2 24
-0.9%
8.9%
EPS (diluted)
UFCS
UFCS
WMG
WMG
Q1 26
Q4 25
$1.45
Q3 25
$1.49
Q2 25
$0.87
Q1 25
$0.67
Q4 24
$1.22
Q3 24
$0.76
Q2 24
$-0.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
UFCS
UFCS
WMG
WMG
Cash + ST InvestmentsLiquidity on hand
$156.3M
$741.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$941.2M
$839.0M
Total Assets
$3.8B
$10.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UFCS
UFCS
WMG
WMG
Q1 26
$741.0M
Q4 25
$156.3M
$751.0M
Q3 25
$233.7M
$532.0M
Q2 25
$202.1M
$527.0M
Q1 25
$183.7M
$637.0M
Q4 24
$200.9M
$802.0M
Q3 24
$197.4M
$694.0M
Q2 24
$153.4M
$607.0M
Total Debt
UFCS
UFCS
WMG
WMG
Q1 26
Q4 25
$4.4B
Q3 25
$4.4B
Q2 25
$4.4B
Q1 25
$4.3B
Q4 24
$4.0B
Q3 24
$4.0B
Q2 24
$4.0B
Stockholders' Equity
UFCS
UFCS
WMG
WMG
Q1 26
$839.0M
Q4 25
$941.2M
$720.0M
Q3 25
$898.7M
$647.0M
Q2 25
$845.7M
$589.0M
Q1 25
$817.7M
$567.0M
Q4 24
$781.5M
$545.0M
Q3 24
$785.8M
$518.0M
Q2 24
$726.6M
$483.0M
Total Assets
UFCS
UFCS
WMG
WMG
Q1 26
$10.6B
Q4 25
$3.8B
$10.0B
Q3 25
$3.8B
$9.8B
Q2 25
$3.7B
$9.8B
Q1 25
$3.5B
$9.6B
Q4 24
$3.5B
$9.1B
Q3 24
$3.5B
$9.2B
Q2 24
$3.4B
$8.8B
Debt / Equity
UFCS
UFCS
WMG
WMG
Q1 26
Q4 25
6.07×
Q3 25
6.75×
Q2 25
7.41×
Q1 25
7.57×
Q4 24
7.26×
Q3 24
7.75×
Q2 24
8.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
UFCS
UFCS
WMG
WMG
Operating Cash FlowLast quarter
$269.7M
$126.0M
Free Cash FlowOCF − Capex
$99.0M
FCF MarginFCF / Revenue
28.0%
Capex IntensityCapex / Revenue
7.6%
Cash ConversionOCF / Net Profit
0.70×
TTM Free Cash FlowTrailing 4 quarters
$729.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UFCS
UFCS
WMG
WMG
Q1 26
$126.0M
Q4 25
$269.7M
$440.0M
Q3 25
$60.8M
$231.0M
Q2 25
$53.4M
$46.0M
Q1 25
$35.7M
$69.0M
Q4 24
$340.3M
$332.0M
Q3 24
$56.5M
$304.0M
Q2 24
$91.3M
$188.0M
Free Cash Flow
UFCS
UFCS
WMG
WMG
Q1 26
$99.0M
Q4 25
$420.0M
Q3 25
$203.0M
Q2 25
$7.0M
Q1 25
$33.0M
Q4 24
$296.0M
Q3 24
$271.0M
Q2 24
$160.0M
FCF Margin
UFCS
UFCS
WMG
WMG
Q1 26
28.0%
Q4 25
22.8%
Q3 25
10.9%
Q2 25
0.4%
Q1 25
2.2%
Q4 24
17.8%
Q3 24
16.6%
Q2 24
10.3%
Capex Intensity
UFCS
UFCS
WMG
WMG
Q1 26
7.6%
Q4 25
1.1%
Q3 25
1.5%
Q2 25
2.3%
Q1 25
2.4%
Q4 24
2.2%
Q3 24
2.0%
Q2 24
1.8%
Cash Conversion
UFCS
UFCS
WMG
WMG
Q1 26
0.70×
Q4 25
2.50×
Q3 25
1.55×
2.12×
Q2 25
2.33×
Q1 25
2.02×
1.92×
Q4 24
1.41×
Q3 24
2.86×
7.41×
Q2 24
1.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

UFCS
UFCS

Segment breakdown not available.

WMG
WMG

Music Publishing Digital$224.0M63%
Other$129.0M37%

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